Citibank Backs Stablecoin Firm BVNK: Report

Citi, the third-largest bank in the United States, has made a strategic investment in BVNK, a London-based stablecoin infrastructure firm backed by Coinbase and Tiger Global. The move comes amid clearer regulations and rising demand for stablecoins among US banks. BVNK operates a payments platform that enables global transactions using stablecoins, allowing easy conversion between fiat and crypto. In a recent interview with CNBC, co-founder Chris Harmse said that the startup has seen strong growth in the ...